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KAST the first company to leverage M^0’s stablecoin platform on Solana for the build-out of application-specific, branded digital dollars. M^0 has recorded significant growth recently as stablecoins built on its platform have surpassed $170 million in circulating supply. 

[Switzerland] - April 8, 2025 – M^0, the programmable stablecoin platform, today announces its strategic expansion to , enabling builders to launch feature-rich, branded digital dollars on one of the most scalable blockchains in the industry. This marks a significant milestone in M^0’s roadmap, reinforcing its commitment to providing builders with the most programmable stablecoin issuance infrastructure, wherever they are. M^0 has already established credibility across major ecosystems, most recently powering the . With its expansion to Solana, M^0 continues to extend its reach, empowering builders across leading blockchain networks.

, a neobank built on stablecoins, will be the first to leverage M^0’s stablecoin platform on Solana. KAST will use M^0 to build two digital dollars, to initially tokenize deposits and later for payments, plus a savings use case - which will become a key component of the product and network. All stablecoins built on top of the M^0 platform on Solana benefit from the unified liquidity of $M - M^0’s stablecoin building block. They can be seamlessly swapped for one another with no price discovery and transferred to other blockchain ecosystems using M^0’s integration with Wormhole NTT.

Joao Reginatto, Chief Strategy Officer at M^0, emphasized the significance of this expansion: "Solana's unmatched speed, scalability, and developer ecosystem make it a prime environment for stablecoin innovation. By bringing M^0’s platform to Solana, we're empowering builders to create stablecoins that are not only interoperable, liquid, and tailored to their use cases, but that can also perform at any scale. This expansion is a key milestone in M^0’s vision to build the most comprehensive digital money technology stack for developers."

M^0’s expansion into Solana comes at a pivotal moment, as Solana continues to capture the attention of developers, institutions, and users alike with its rapid growth, high throughput, and low transaction fees. Solana is positioned to benefit from the addition of M^0-powered stablecoins which will further strengthen the ecosystem’s financial infrastructure and enable seamless stablecoin adoption. This integration allows builders to easily launch application-specific, interoperable stablecoins that not only drive liquidity but also unlock better DeFi and payments end user experiences.

Raagulan Pathy, Co-Founder & CEO of KAST explained that “KAST is building the world's best banking alternative, powered entirely by stablecoins. By issuing our own stablecoin, we ensure full transparency, with all customer deposits represented on-chain. Solana was the clear choice for deployment, given our strong existing partnership and its advantages in speed and low fees. M^0 enables us to bring this vision to life, allowing us to rapidly configure the KAST Dollar, and we believe M^0 is the partner most aligned to our long term vision.”

This announcement follows a period of accelerated growth for M^0, as its stablecoin platform surpasses in circulating supply. M^0 has already empowered leading products such as and to successfully launch their own custom stablecoins, further solidifying its position as the most programmable stablecoin platform for builders.

About M^0
M^0 is the platform powering builders of safe, programmable, interoperable stablecoins. By extending $M, a digital dollar building block issued by the M^0 protocol, developers can build branded, feature-rich digital dollars in minutes.

KAST is a financial-technology platform built on stablecoins to deliver a neobank-style experience. It offers payment-cards and USD-denominated accounts to people in over 150 countries. KAST has raised US$10 million in seed funding led by HSG (HongShan Capital Group) and Peak XV Partners.